Hilton Group plc: Result of Extraordinary General Meeting
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Hilton Group plc: Result of Extraordinary General Meeting
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Category: Worldwide
This is a press release selected by our editorial committee and published online for free on 2006-01-30
Hilton Group plc ("the Company") announces that the following resolutions were passed on a show of hands at the company's Extraordinary General Meeting held today, 27 January 2006, at The London Hilton on Park Lane and that the number of proxy votes lodged in favour of the Chairman were as detailed below:
1. To approve the disposal of the Hilton International Hotels Division:
FOR - 1,053,784,457
AGAINST - 1,502,049
VOTES WITHHELD - 175,185
2. To change the Company's name to Ladbrokes plc (on completion of the above disposal):
FOR - 1,053,778,827
AGAINST - 1,354,786
VOTES WITHHELD - 327,796
The disposal remains conditional on, among other things, receipt of certain competition and other government clearances. The change of name to Ladbrokes plc remains conditional on the completion of the disposal.
The Board expects to announce details of the Company's capital structure review and the intended return of value to shareholders with its preliminary results for the year ended 2005 scheduled for 23 February 2006. Completion is expected to occur on or shortly after this date.
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